SBI complains to CBI after Rs 411 crore loan defaulter flee country
NEW DELHI: Three promoters of Ram Dev International, recently booked by the CBI for allegedly cheating a consortium of six banks to the tune of Rs 411 crore, have already fled the country before the State Bank of India reached the agency with the complaint, officials said on Saturday. The CBI had recently booked the […]
Union Bank of India exits Antwerp diamond market
NEW DELHI: State-owned Union Bank of India has decided to quit Antwerp diamond hub in Belgium as the branch did not generate expected business, a senior bank official said. The finance ministry had advised all the public sector banks to review their overseas business and close branches which are not profitable as part of strategy […]